April 8th, 2020
Homebuyers were coming in hot in February across many of Canada’s major markets. Toronto and Vancouver appeared to be set up for particularly strong spring seasons, with the former ramping … [read more]
April 7th, 2020
Being denied a mortgage loan can seem to shatter your dreams of home ownership. But arming yourself with knowledge before sitting down with a lender can improve your chances of … [read more]
Comments Off on The Most Common Reasons Mortgage Applications Get Denied
April 4th, 2020
What is equity? You’ll often hear the term equity when it comes to homeownership, but you may not even know what that means even if you already own a home. … [read more]
Comments Off on Understanding The Home Equity • Pros & Cons of Home Equity Loans
April 4th, 2020
The Bank of Canada (BoC) has announced an emergency rate cut to its trend-setting Overnight Lending Rate, as the Canadian government moves to reduce the economic repercussions of the COVID-19 … [read more]
Comments Off on Why is The Bank of Canada Makes Emergency Rate Cut • Stress Test Changes Delayed?
April 3rd, 2020
Owning a home is a big step toward securing yourself financially for the future. With each mortgage payment, you are building equity. But with the cost of living going up … [read more]
Comments Off on The Benefits of Secured Personal Loans & Mortgage
April 3rd, 2020
A dramatic 0.5% reduction in the Bank of Canada overnight lending rate on March 13 – the second such cut in 9 days – in response to the virus pandemic … [read more]
Comments Off on Emergency BOC Rate Cut will Add Fuel to Housing Sales
April 2nd, 2020
How is the Metro Vancouver housing market faring as the Spring 2020 season sets in? It has been a tumultuous few years for west coast home buyers and sellers as … [read more]
Comments Off on Down Payment Needed for Metro Vancouver Houses & Apartments
April 2nd, 2020
“The world has changed,” read the headline of RBC’s Macroeconomic Outlook published today and, with all the events that hit like a tsunami over the last week, it’s hard to … [read more]
Comments Off on Bank of Canada Cuts Interest Rates Again as “Whatever It Takes” Emergency Response
March 27th, 2020
Bank of Canada Governor Stephen Poloz suggested Thursday that lower interest rates would not send home prices skyrocketing, but could instead help bolster consumer confidence and the housing market amid … [read more]
Comments Off on Bank of Canada Believes Rate Cut Will Bolster Housing Market
March 26th, 2020
The worst global economic turmoil seen since the financial crisis of 2008 has inspired a forceful response from Canada’s monetary policymakers at the Bank of Canada. And it may be … [read more]
Comments Off on Canadian Interest Rates Cut Means That Homebuyers Can Bid 5%-8% More for A Home
March 13th, 2020
Market experts had been widely anticipating Canada’s central bank to cut its mortgage-market influencing overnight rate at some point in the first half of 2020. Now, with mounting fears over … [read more]
Comments Off on Canadian Interest Rate Cuts Expected in Spring
March 10th, 2020
Buying your first home is an exciting prospect. You can decorate and furnish how you want, have friends and family around whenever you please, and the home will be yours. … [read more]
Comments Off on Budget, Deposit Amount & Mortgage to Consider When Buying Your First Home
March 4th, 2020
Good news is on the way for those getting into the housing market this spring – it’s going to become a bit easier to qualify for a mortgage, as changes … [read more]
Comments Off on Will Mortgage Stress Test Changes Add More Fuel to Already Heating Markets?
March 3rd, 2020
Home mortgage loans have been the solution to financing the needs of both aspiring and existing homeowners who want to put UP their property as a guarantee. A common attribute … [read more]
Comments Off on Home Mortgage Loans Provider Overview & Aspects
February 25th, 2020
A consensus is emerging among economists tracking the trajectory of Canadian interest rates for 2020 : rates are heading down in the first half of the year. TD is the … [read more]
Comments Off on TD : Canadian Interest Rates are Heading Down This Spring
February 24th, 2020
The federal government and a federal banking regulator are planning to tweak mortgage stress tests in time for the busy spring home-buying season, a move that could make it easier … [read more]
Comments Off on Mortgage Stress Test Changes Take Effect on April 6th Aimed at Adjusting The Benchmark Rate
February 20th, 2020
According to a recently conducted survey conducted by Rates.ca, Canadian mortgage shoppers are willing to sacrifice in-person mortgage assistance if it means securing a lower interest rate. Although 72 percent … [read more]
Comments Off on 3-Step Process to The Mortgages Approach
February 10th, 2020
A third of first time buyers have been forced to ask their families or friends for financial assistance in order to buy a home, the National Association of Realtors has … [read more]
Comments Off on 78% of 1st-Time Homebuyers Used in Combination of Own Savings with Financial Gifts Received from Family
February 5th, 2020
The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as … [read more]
Comments Off on Key Interest Rates Cut May Start by Mid-Year
January 30th, 2020
The Home Buyers’ Plan (HBP) is one of several tools offered by the federal government to make it easier for first-time home buyers to get into the housing market. A … [read more]
Comments Off on How Long Would It Take to Save the Maximum Funds for the HBP?
January 23rd, 2020
You may be looking for some cash if you overdid the holiday spending. Many people are taking advantage of refinancing during this long stretch of low mortgage rates. An interest … [read more]
Comments Off on The Primary Considerations Before Refinancing
January 20th, 2020
For many Canadians, buying a home can be a challenging and stressful experience fraught with worry. Indeed, a recent survey from Zillow and Ipsos found that 92% of Canadians see … [read more]
Comments Off on Canadians Raise Concerns Over Stricter Mortgage Regulations
Comments Off on Historically Low Mortgage Rates to Support Housing Recovery